MOST ACTIVE ISSUES, Dec. 28-Jan. 7
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Articles by Northern Miner Staff
1996: A LOOK BACK — U.S. mining industry remained strong in 1996
A host of new discoveries and mine openings contributed to the overall strength of the American mining industry, and the sector appears poised to remain highly active throughout 1997.While Nevada rema…
STOCK MARKETS — New year brings rise in composite index
The Vancouver Stock Exchange composite index managed to rise 16.12 points to close at 1178.39 over the report period Dec. 30-Jan. 7, despite dropping 19.35 points from the resource index, which finish…
THE DIAMOND PAGE — Botswana Diamondfields secures access at Rovic mine
In South Africa, Botswana Diamondfields (BWD-V) is cleaning up after a mud slide that killed 20 people at its Rovic diamond mine in late November.The Vancouver-based company has launched a recovery pr…
Spot prices at a glance (January 13, 1997)
Wednesday, January 8, 1997Price (US)Week’s ChangeGold*$355.80- $13.80Silver*$ 4.66…
Lower gold output hurts Eden Roc
With decreased gold production from its Ivory Coast operations, Toronto-based Eden Roc Mineral (EDN-T) suffered a loss of $3.7 million for the 9-month period ended Sept. 30, 1996. For the same period …
Cominco exec freed in Peru
An employee of Cominco was among three Canadians held hostage, but subsequently released, by Peruvian rebels at the Japanese ambassador’s residence in Lima in late December.Kieran Metcalfe, 43, manger…
TORONTO STOCK EXCHANGE INDICES (January 06, 1997)
1996Dec 27Dec 26Dec 25Dec 24Dec 23HighLowComposit…
GOLD FUNDS (January 06, 1997)
Gold Funds as of December 27, 1996BGRCentralNet Value$22.06$6.17Price$17.00…
LME WAREHOUSE (January 06, 1997)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Dec.23/96 (change from previous week in brackets):Aluminium945,800(+2,175)Copper121,400(+6,025)Lead118,625(-4,000)Nickel49,5…
STOCK MARKETS — Resources lag as TSE shows recovery
Led by the real estate and communication subgroups, the Toronto Stock Exchange recovered strongly during the trading period Dec. 20-27. The TSE 300 composite index rose 192.41 points to close at 5,902…
Pan African eyes Ndori gold property in Kenya
An agreement between a private company and Pan African Resources (PARC-C) gives that company the option to acquire a 75% interest in the Ndori gold property in southwestern Kenya.Pan African recently …